CHATTANOOGA, Tenn. (AP) — Covenant Logistics Group, Inc. (CVLG) on Wednesday reported second-quarter net income of $15.4 million, after reporting a loss in the same period a year earlier.
The Chattanooga, Tennessee-based company said it had profit of 91 cents per share. Earnings, adjusted for non-recurring costs, came to 96 cents per share.
The truckload transportation services provider posted revenue of $256.3 million in the period.
Covenant Logistics shares have climbed 31% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.41, an increase of 10% in the last 12 months.